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Requirements: Record the journal entry for the following transaction: Received $8,000 from a customer on account. Values: Cash: $8,000; Accounts Receivable: -$8,000.

Requirements: Record the journal entry for the following transaction:

    • Received $8,000 from a customer on account.
  • Values: Cash: $8,000; Accounts Receivable: -$8,000.

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